The US Treasury announced the acquisition of giant UBS by its smaller competitor, Credit Suisse, in an attempt to avoid further turmoil that shook the global banking services market.;
"We welcome the Swiss authorities' announcements today to support financial stability," the ministry said in a statement.
Oil prices fell more than a dollar on Tuesday, extending losses for a second session, as the collapse of the Silicon Valley bank rattled stock markets and raised fears of a new financial crisis.
The Saudi Minister of Energy, Prince Abdulaziz bin Salman, stated that the Kingdom will not sell oil to any country that imposes a price ceiling on its supplies.
Investors will have to parse what they know about Jerome Powell’s approach to managing risk and weigh that alongside fresh inflation data coming out this week
Starting this morning, the price of Brent oil in global markets began to decline sharply. The initial hit of $80 sent shockwaves through global markets, but the drop in oil prices continued, and at present, the cost of one barrel of oil of this brand is less than $79.
1, Neil J Ireland, solicitor of
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